Kpler Crude Oil (Antifer terminal)

French Terminal Antifer has two jetties and is able to handle vessels with a dead weight up to 550 KT (26 meters draught – VLCCs and ULCCs). The site is directly linked to Le Havreterminal and Trapil pipeline network, which supplies Exxon Port-Jérôme refinery (235 kbd capacity), Total Gonfreville (250 kbd capacity) and Grands-puits (95 kbd capacity). Antiferhas 4 tanks totaling 640 cu.m or 4 million barrels of storage capacity.

Iranian crude is exclusively for Total’s refining network as Exxon did not resume Iranian crude purchases.

By identifying these patterns, we are able to split imports coming from Middle East to Antifer by player, as shown in the chart below:

As shown in the chart above, imports of Middle East crude to Antifer have increased over the last 3 months. More generally, imports Middle East crude to North West Europe significantly increased in Q4-2016 attaining highest levels in December, as shown in the figure below. Nevertheless, our data shows a slight drop in January-2017, which could be linked with OPEC-cuts agreement:

Antifer, Le Havre, TEAM, Fawley, MOT, MET and Donges imports from Middle East (split by country of origin)

VLCC Bunga Kasturi Lima discharged approx. 500,000 barrels at Preemraff and 1.5 million barrels in Goteborg on Feb.9 and Feb.10 respectively. She had load at Mongstad on November 2016 and held her cargo for 72 days. She is currently loading at Hound Point and will head towards Ningbo ETA Mar.30. She is chartered by ST shipping.

VLCC Aquila loaded 2 million barrels at Hound Point on Feb.2. She signaled Tianjin ETA Mar.26

VLCCs Huge and Snow loaded at Kharg Island and were expected to discharge on Feb.8 and Feb.11 respectively in ARA. Last year, only June and July saw such quantities of Iranian crude arriving to ARA ports. However, Snow signaled “For Orders” and is sitting at Falmouth OPL:

Snow’s position – Feb.16

The Huge is the first Iran-owned VLCC to dock in the EU following the lifting of US and EU nuclear-related sanctions, offloaded around 0.9mn bl of crude at Shell Europoort and 1.2mn bl of crude at MOT in Rotterdam. The ship is now signalling Cayo Arcas as next destination. A journey to load crude in Mexico would mark a new destination for a vessel from the NITC fleet post-sanctions.